Change in Volvo Executive Team

Henry Sténson has been appointed Head of the newly established Group function, Corporate Communication & Sustainability Affairs. Sténson has longstanding experience of management roles at senior executive level in companies including Ericsson and SAS, but has also been employed previously at the Volvo Group in such positions as CIO for Volvo Aero and Volvo Cars. Sténson will take up his position on January 1 and will also join Volvo Group Executive Team.

As previously announced, Corporate Communication & Sustainability Affairs is the name of the new Group function comprising both of the previous functions, Corporate Communication and Sustainability & Public Affairs. In conjunction with publication of the report on the third quarter of 2014, it was announced that the Executive Team would be reduced from the current 16 members to 10 as of January 1.

Volvo has previously announced that the reduction in the number of members is also to take place through a merger of the three sales and marketing organizations in Group Trucks, by no longer including the Heads of Volvo CE and Volvo Financial Services in the Executive Team as of January 1 and by placing the organization of Corporate Process & IT under the Group’s Chief Financial Officer (CFO).